Indiana unemployment rate holds steady
The state’s jobless rate held firm in May at 5.7 percent, following nine straight months of declines.
IBJ Staff
Articles
Bill would force feds to recognize startups
U.S. Rep. Andre Carson, D-Indianapolis, wants to help startups compete for federal contracts and obtain access to loans.
Chamber Orchestra lands $600K gift
The Indianapolis Chamber Orchestra’s latest fundraising initiative, launching later this year, received a sizable kick-start thanks to a $600,000 gift from an anonymous donor.
PROXY CORNER: Angie’s List Inc.
Angie’s List Inc., 1030 E. Washington St., Indianapolis, operates a consumer website that reviews and rates local professionals for home, health care and automotive services.
EDITORIAL: Legislate some common sense on cold beer
Twenty minutes for a can. Forty minutes for a bottle. That’s how long a semi-scientific study by the website Gizmodo determined it takes to turn a warm beer into a cold one—by using a freezer or putting the beer on ice.
Simon promotes longtime treasurer to CFO
Simon Property Group Inc. announced Wednesday the promotion of Andrew Juster to chief financial officer, succeeding longtime CFO Stephen Sterrett.
Wal-Mart to open e-commerce center in Plainfield
The giant retailer said it will build a 1.2.-million-square-foot e-commerce fulfillment facility in the AllPoints Midwest industrial park that will employ up to 303 workers by 2016.
Lilly gives $1.3M to TechPoint to launch new program
Interns in the first Xtern program will live together at IUPUI and work at 12 of the city's tech companies, including ExactTarget, Interactive Intelligence, Apparatus, HC1, Smarter Remarketer and Tinderbox.
Merck’s exit pushes Endocyte shares lower
Shares of Endocyte Inc. skidded 15 percent Wednesday after industry giant Merck & Co. Inc. decided it would give up on developing Endocyte cancer drug vintafolide.
Washington Prime buys Clay Terrace stake from Lauth
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
Emmis acquires majority stake in software firm
Emmis Communications Corp. said Monday that it acquired a controlling interest in Indianapolis-based pricing software firm Digonex Technologies Inc. in a deal worth about $5 million.
Existing home sales continue dismaying trend
Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.
East Coast firm snags long-time ExactTarget exec
The man who steered ExactTarget Inc.’s sales as they surged from $3 million to $110 million has taken a top job at a New York document-management company.
NFP of NOTE: Fletcher Place Community Center Inc.
Fletcher Place Community Center eases the suffering of persons who are homeless or living in our southeast-side service area through the compassion of Jesus Christ, as shown by our volunteers, donors and staff.
EDITORIAL: Indianapolis Public Schools must rebuild trust
If any local organization needs the public’s trust, it’s Indianapolis Public Schools, considering the challenges the district faces educating often-disadvantaged students.
Former CEO sentenced for federal tax evasion
Joseph C. Scott, 54, the former CEO at KSM Profit Advisors LLC, was convicted of underreporting his income taxes from 2005 to 2009, resulting in unpaid taxes of nearly $600,000.